Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON
EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our common shares trade on the OTCQX Market under
the “WSTRF” trading symbol.
Our common shares are listed for trading in Canada
on the CSE under the symbol “WUC”.
Shareholders
According to our transfer agent, as of April
14, 2026 there were approximately 3,332 holders of record of our common shares.
Unregistered Sales of Securities
On October 14, 2025, the Company closed a brokered
private placement of 6,555,556 units at a price of $0.64 (CAD $0.90) per unit. The aggregate gross proceeds raised in the private placement
amounted to $4,202,281 (CAD $5,900,000). Each unit is comprised of one common share of Western and one common share purchase warrant.
Each warrant is exercisable into one common share at a price of $0.85 (CAD $1.20) per share for a period of 54 months following the closing
date of the private placement. A total of 6,555,556 common shares and warrants to purchase 6,555,556 common shares were issued to investors
and warrants to purchase 229,444 common shares were issued to broker dealers in connection with the private placement. A 7% cash commission
and broker warrants equal to 3.5% of the number of units sold, each exercisable into one common share at the issue price for a period
of 54 months following the closing date, will be issued to the sole underwriter in connection with the offering.
On June 13, 2025, the Company closed a private
placement of 5,911,786 units at a price of $0.63 (CAD $0.85) per unit. The aggregate gross proceeds raised in the private placement amounted
to $3,693,424 (CAD $5,025,018) and proceeds net of issuance costs were $3,331,687 (CAD $4,532,939). Each unit is comprised of one common
share of Western and one common share purchase warrant. Each warrant is exercisable into one common share at a price of $0.77 (CAD $1.05)
per share for a period of four years following the closing date of the private placement. A total of 5,911,786 common shares and warrants
to purchase 5,911,786 common shares were issued to investors and warrants to purchase 206,913 common shares were issued to broker dealers
in connection with the private placement. Of the 5,911,786 common shares and warrants issued to investors, 117,647 were issued to Mr.
Glasier for his participation in the private placement.
For units sold in the United States, we relied
on the private offering exemption from registration provided by Rule 506(b) of Regulation D under the U.S. Securities Act of 1933, as
amended (the “U.S. Securities Act”), based on the offers and sales having been made without any general solicitation or advertising
solely to accredited investors who represented they purchased the units for their own account for investment and not for distribution.
For units sold outside of the United States, we relied on Rule 903 of Regulation S under the U.S. Securities Act based on our status as
a foreign issuer with no substantial U.S. market interest and based on the offers and sales having been made in offshore transactions
without any directed selling efforts.
ITEM 6. [RESERVED]
Not Applicable
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